Category: Venezuela

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Venezuelans to Buy Homes and Property with State Cryptocurrency

Venezuelans to Buy Homes and Property with State CryptocurrencyVenezuelans will be able to buy houses and other property with their new national cryptocurrency. Real estate deals in petro will be authorized in April, President Maduro announced. The government will also finance the construction of 230,000 new homes using funds from the pre-sale of the oil-backed crypto.   Also read: Rubles Can Buy You […]

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Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s Currency

Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s CurrencyEl Petro, the Venezuelan cryptocurrency, can now be purchased with Russian rubles, among other fiat currencies, President Nicolás Maduro announced. Companies from many countries, including the United States, want to buy the oil-backed crypto, he added. Venezuela’s head of state also said he decided to denominate the national currency, the bolivar.  Also read: Venezuela Recruiting […]

The post Rubles Can Buy You Petro Maduro Says While Denominating Venezuela’s Currency appeared first on Bitcoin News.

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Snowden on Bitcoin: Blasts Public Ledger and Core Developers

Snowden on Bitcoin: Blasts Public Ledger and Core DevelopersThe world’s most famous whistleblower, Edward Snowden, gave a dynamic, wide-ranging interview to Peter Van Valkenburgh during Blockstack Berlin 2018. Mr. Snowden discussed ongoing issues of privacy and cryptocurrency, his preferences, and revealed how bitcoin helped him in his most historic hour. He also took the opportunity to chide growing crypto tribalism, calling out maximalists, […]

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Report Claims Putin Aided Maduro in Creating Venezuela’s Crypto, Petro

Report Claims Putin Aided Maduro in Creating Venezuela’s Crypto, PetroA Time investigation into the development of Venezuela’s state-backed cryptocurrency, petro, revealed strong anecdotal and circumstantial evidence connecting Russia to its launch. At least two Russians with ties to Vladimir Putin were present at petro’s unveiling, complete with the Venezuelan president’s thanks. Analysts are claiming the South American country is Mr. Putin’s crypto guinea pig […]

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Bitcoin Price Watch: Another Jump Despite Clashing Factors

Bitcoin has enjoyed a small jump following yesterday’s monthly low. At press time, the coin is trading for just over $8,300 following a rough stint that saw it meandering at the $7,600 mark during the early hours of March 18. For every factor contributing to bitcoin’s rise, there seems to be one knocking it back. Originally hovering at around $8,500 during the morning of March 19, bitcoin’s price fell to its current spot after President Donald Trump announced that he was banning American residents from purchasing or trading Venezuela’s cryptocurrency the “petro.” While allegedly created to assist in the country’s

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Trump Signs Executive Order Banning Venezuela’s Petro Cryptocurrency

Trump Signs Executive Order Banning Venezuela’s Petro CryptoU.S. president Donald Trump has signed an executive order banning American citizens from using Venezuelan cryptocurrencies. In effect, this means that the petro, recently launched by Venezuelan president Nicolas Maduro, is now illegal in the U.S. The controversial cryptocurrency was widely seen as a means to evade economic sanctions imposed by the U.S. The executive […]

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Venezuela Wants to Boost Cryptocurrency Mining Activity

TheMerkle Cryptocurrency MiningVenezuela is a very peculiar country for many reasons. Ever since the Petro was issued, people have been wondering how it would affect actual cryptocurrencies in the country. It now seems the government has launched a crypto mining program meant to attract up to 1 million people. It’s a rather intriguing development, especially because this has seemingly nothing to do with the Petro. Cryptocurrency Mining in Venezuela There is never a boring day in Venezuela, by the look of things. Ever since the Petro cryptocurrency was announced, the country has received a high amount of international press coverage. As of right now, the question

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